According to Digitimes Research, global LCD TV shipments are expected to increase by 1.7% year-on-year to 218 million units in 2019, and continue to grow moderately to 236 million units in 2023, with a compound annual growth rate of 1.6% over the next five years.
Among them, Taiwanese manufacturers' LCD TV shipments are expected to reach 35.61 million units in 2019, and will grow at a compound annual growth rate of 3.4% during the 5-year forecast period. Meanwhile, Taiwan Province’s shipments account for global TV production. The volume of goods will increase from 15.9% in 2018 to 17.5% in 2023.
With Innolux restarting its ODM TV business and increasing orders from Vizio and Xiaomi, Taiwanese manufacturers' TV shipments are expected to grow for the second consecutive year from 2018 to 2019, a significant increase since 2011.
It is expected that Taiwanese manufacturers will continue to face fierce competition from mainland competitors in the next five years. The overall TV shipment growth of Taiwan suppliers is expected to be slightly better than global performance.
In the future, Taiwan's TV manufacturing industry is likely to be dominated by two large companies, Foxconn Electronics and TPV Technology and the smaller Ruixuan Technology. Foxconn will become a pioneer in the ODM TV industry in Taiwan, as its acquisition of Sharp will continue to ferment. Innolux will play a key role in Sharp's supply chain.
TPV is expected to restore its growth track by reclaiming the management rights of the global Philips brand, which will strengthen its sales in the Americas and India, thus ending the two-year sales slowdown in 2017-2018.
Although Ruixuan Technology expects its shipments to decline gradually, the company's operations will remain stable due to the healthy customer structure. Digitimes Research believes that other ODM manufacturers, including Wistron, Compal Electronics and Dayun Precision, due to production scale Insufficient economy, may withdraw from the market in the next five years.